Quarterly consolidated financial statements(1) Quarterly consolidated balance sheet(Millions of yen)
As of March 31, 2016
AssetsCurrent assets
Cash and deposits
Notes and accounts receivable - trade
Securities
Land and buildings for sale
Merchandise
Deferred tax assets
Other
Allowance for doubtful accounts
Total current assets
Non-current assets
Property, plant and equipment
Buildings and structures, net
Machinery, equipment and vehicles, net
LandConstruction in progress
Other, net
Total property, plant and equipment
Intangible assets
Investments and other assets
Investment securitiesLong-term loans receivable
Deferred tax assets
Net defined benefit asset
Other
Allowance for doubtful accounts
Total investments and other assets
Total non-current assets
Total assets-1-

As of September 30, 2016

25,072
23,702
2,188
100,742
1,976
2,533
12,565(270)
168,510

14,981
18,455860
106,585
1,922
2,780
11,367(267)
156,685

198,994
13,466
213,8106,076
8,898
441,247
8,245

195,729
14,820216,7497,004
8,690
442,995
7,987

39,959
388
2,208
21
9,811
(59)
52,329501,822670,333

40,393
401
7,233
141
10,475(67)
58,577509,561
666,247

(Millions of yen)

Liabilities
Current liabilities
Notes and accounts payable - trade
Short-term loans payable
Short-term bonds payable
Current portion of bonds
Income taxes payable
Deferred tax liabilities
Advances received
Provision for bonuses
Provision for loss on unused gift certificate
Other
Total current liabilities
Non-current liabilities
Bonds payable
Long-term loans payable
Long-term accounts payable - other
Deferred tax liabilities
Deferred tax liabilities for land revaluationProvision for directors’ retirement benefits
Net defined benefit liability
Other
Total non-current liabilities
Total liabilities
Net assets
Shareholders’ equity
Capital stock
Capital surplus
Retained earnings
Treasury shares
Total shareholders’ equity
Accumulated other comprehensive income
Valuation difference on available-for-salesecurities
Revaluation reserve for landRemeasurements of defined benefit plans
Total accumulated other comprehensive income
Subscription rights to shares
Non-controlling interests
Total net assets
Total liabilities and net assets-2-

As of March 31, 2016

As of September 30, 2016

10,77568,7805,000
10,245
5,619
1
8,011
2,667
407
40,829152,337

9,311
67,079
1,500
117
5,571
0
7,244
3,094
423
33,133
127,476

80,257
161,430
654
7,944
31,087447
18,93325,448326,204
478,542

90,224
162,120602
11,48833,175435
20,90225,061
344,011471,488

51,466
28,794
79,103(17,199)
142,165

51,46628,78089,524(21,565)
148,206

12,221

11,98837,557(2,815)46,962–
2,662
191,790
670,333

35,469(3,822)
43,63427
2,889
194,759
666,247

(2) Quarterly consolidated statement of income and quarterly consolidated statement of comprehensive
incomeQuarterly consolidated statement of income (cumulative)(Millions of yen)Six months
ended September 30, 2015

Six months
ended September 30, 2016

143,269

141,157

111,711105,359

13,483
125,194
18,07518,481
123,841
17,316

18
392

28
414

38

–

456
905

448
891

1,850

1,441

–

14

909
2,760
16,220449
1,904
16,303

–
319
68
310
4,709
49
5,457

602
391
121
46–
2
1,162

356
85–
2
2,119
8
2,571
19,1065,404
118
5,523
13,583226
13,356

292
215
26
4–
9547
16,9185,524(901)
4,622
12,296250
12,046

Operating revenue
Operating expenses
Operating expenses and cost of sales oftransportation
Selling, general and administrative expenses
Total operating expenses
Operating income
Non-operating income
Interest income
Dividend income
Share of profit of entities accounted for using equity
methodMiscellaneous income
Total non-operating income
Non-operating expenses
Interest expenses
Share of loss of entities accounted for using equity
methodMiscellaneous expenses
Total non-operating expenses
Ordinary income
Extraordinary income
Compensation income
Subsidy
Contribution for construction
Gain on sales of non-current assets
Gain on bargain purchase
Other
Total extraordinary income
Extraordinary losses
Loss on retirement of non-current assets
Loss on reduction of non-current assets
Special retirement expenses
Impairment loss
Loss on step acquisitions
Other
Total extraordinary losses
Profit before income taxes
Income taxes - current
Income taxes - deferred
Total income taxes
ProfitProfit attributable to non-controlling interests
Profit attributable to owners of parent-3-Quarterly consolidated statement of comprehensive income (cumulative)(Millions of yen)Six months
ended September 30, 2015

Six months
ended September 30, 2016

13,583

12,296

390
–
242
633
14,216(228)(2,087)(1,007)(3,323)
8,972

13,996

8,717

220

254

ProfitOther comprehensive income
Valuation difference on available-for-sale securities
Revaluation reserve for landRemeasurements of defined benefit plans, net of tax
Total other comprehensive income
Comprehensive income
Comprehensive income attributable toComprehensive income attributable to owners ofparentComprehensive income attributable to noncontrolling interests-4-(3) Quarterly consolidated statement of cash flows(Millions of yen)Six months
ended September 30, 2015

Six months
ended September 30, 2016

19,106
8,498
187
2(4,709)
2,119
85
(68)
(410)
1,850
45(573)

16,918
8,861
192
4––
215
(121)
(443)
1,441
264
(139)

11,706

4,806(3,459)(6,707)(1,817)(1,601)(3,278)(12,292)(395)
16,597457(1,868)(4,195)
10,9901,873(6,360)(1,739)17,465444(1,520)(5,672)
10,717(10,860)
446
921
(511)
(25)
4442
(9,583)(14,183)50
441(1,000)(13)
2872(13,831)

Cash flows from operating activities
Profit before income taxes
Depreciation
Amortization of intangible assets
Impairment loss
Gain on bargain purchase
Loss (gain) on step acquisitions
Loss on reduction of non-current assets
Proceeds from contribution for construction
Interest and dividend income
Interest expenses
Increase (decrease) in net defined benefit liability
Increase (decrease) in net defined benefit asset
Decrease (increase) in notes and accounts receivable- trade
Decrease (increase) in inventories
Increase (decrease) in notes and accounts payable trade
Increase (decrease) in accrued consumption taxes
Increase (decrease) in other current liabilities
Other, net
SubtotalInterest and dividend income received
Interest expenses paid
Income taxes paid
Net cash provided by (used in) operating activities
Cash flows from investing activities
Purchase of non-current assets
Proceeds from sales of non-current assets
Proceeds from contribution received for construction
Purchase of investment securities
Payments of loans receivableCollection of loans receivable
Other, net
Net cash provided by (used in) investing activities-5-(Millions of yen)Six months
ended September 30, 2015

Six months
ended September 30, 2016

(69)–
13,410(22,813)
9,935(10,125)(15)(1,685)
(26)
(30)
(608)
(12,028)(10,621)
26,552(7,123)(3,500)10,874(4,761)
9,936(10,150)–(1,623)(25)(4,365)(584)(11,325)(14,439)
29,372

4–

15,935

14,933

Cash flows from financing activities
Net increase (decrease) in short-term loans payableNet increase (decrease) in short-term bonds payable
Proceeds from long-term loans payable
Repayments of long-term loans payable
Proceeds from issuance of bonds
Redemption of bonds
Payments for long-term accounts payable - otherCash dividends paid
Dividends paid to non-controlling interests
Purchase of treasury shares
Other, net
Net cash provided by (used in) financing activities
Net increase (decrease) in cash and cash equivalents
Cash and cash equivalents at beginning of period
Increase in cash and cash equivalents resulting frommerger with unconsolidated subsidiaries
Cash and cash equivalents at end of period-6-

(4) Notes on quarterly consolidated financial statements
Notes on premise of going concern
No items to report.
Notes on significant changes in the amount of shareholders’ equity
No items to report.
Segment information, etc.
Segment information
I. Six months ended September 30, 2015 (from April 1, 2015 to September 30, 2015)
1. Information on operating revenue and profit (loss) by reportable segment(Millions of yen)Amounton thequarterly
Adjustments
consolidated(Note 1)
statement ofincome(Note 2)

TransportationReal estate

Retaildistribution

Leisureand service

Others46,25232,78747,52916,168531

143,269–

143,269

685

6,018

206

18

336

7,265

(7,265)–46,93738,80547,736

16,186868

150,534(7,265)

143,269

Segment profit
6,518
7,333
1,057
3,146
4
18,06014
Notes: 1. “Adjustments” to “Segment profit” represents elimination between inter-segment transactions.
2. Segment profit is adjusted to operating income in the quarterly consolidated statement of income.

18,075

Operatingrevenue
Operatingrevenue fromexternalcustomers
Inter-segment
operatingrevenue ortransfer
Total

Total

II. Six months ended September 30, 2016 (from April 1, 2016 to September 30, 2016)
1. Information on operating revenue and profit (loss) by reportable segment

Operatingrevenue
Operatingrevenue fromexternalcustomers
Inter-segment
operatingrevenue ortransfer
Total(Millions of yen)Amounton thequarterly
Adjustments
consolidated(Note 1)
statement ofincome(Note 2)

Transportation

Real estate

Retaildistribution

Leisureand service

Others46,30630,85047,502

15,927570

141,156

0

141,157

1,049

6,541

209

22335

8,158

(8,158)–47,35637,39147,711

15,949906

149,315(8,157)141,157

Total

Segment profit
6,541
6,422
1,058
2,935
67
17,025291
17,316
Notes: 1. “Adjustments” to “Segment profit” represents elimination between inter-segment transactions and profit (loss)of the Company not allocated to any reportable segment.
2. Segment profit is adjusted to operating income in the quarterly consolidated statement of income.

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